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Essay / Why Study Economics Essay - 1241
People's basic needs must be met, in order to guarantee their feeling of happiness. Although people have unlimited needs and wants, the resources available to us are limited, this is what we call resource scarcity. If we want to make the most of limited resources, we must make decisions when faced with a choice. At this time, the theory of opportunity cost should be put forward. Let me take myself as an example, after obtaining my bachelor's degree last year, there are three opinions available to me. The first is to look for a job like most graduates. Then I will earn a salary sooner and gain more work experience than the master's graduate. The second choice is to participate in the postgraduate entrance examinations in my own country. In this way, I need to dedicate two years to a subject that no longer excites me. And the last one is to go abroad to continue my studies in a totally strange major and different from my undergraduate major. After weighing and balancing over and over again, I chose the last one that really interests me. Even if it requires me to spend more effort than other classmates who have already acquired relevant professional knowledge. I had no idea of the opportunity cost at the time, but I took advantage of it